As of Dec. 19, 2023, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Companies Reporting Before The Bell
• Vanguard Extended Duration Treasury ETF (NYSE:EDV) is estimated to report quarterly earnings at $0.37 per share on revenue of $784.53 million.
A Wall Street axiom advises investors, “Don’t fight the Fed.”
When it comes to real estate investment trusts (REITs), that’s never been more profound than it was during 2022. Those who practice a buy-and-hold strategy saw some of their REIT investments decline by as much as 50% or more, depending on the subsector and quality of the individual REIT.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision.